At the time of writing, Mid-America Apartment Communities, Inc. [MAA] stock is trading at $136.34, up 2.52%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The MAA shares have gain 3.54% over the last week, with a monthly amount glided 2.55%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Mid-America Apartment Communities, Inc. [NYSE: MAA] stock has seen the most recent analyst activity on May 06, 2024, when Wedbush upgraded its rating to a Outperform and also boosted its price target to $154 from $135. On January 30, 2024, Deutsche Bank initiated with a Hold rating and assigned a price target of $139 on the stock. Truist upgraded its rating to a Buy and increased its price target to $158 on January 16, 2024. Scotiabank upgraded its rating to a Sector Perform. Jefferies downgraded its rating to Hold for this stock on January 02, 2024, and downed its price target to $136. In a note dated December 12, 2023, Morgan Stanley initiated an Equal-Weight rating and provided a target price of $128 on this stock.
For the past year, the stock price of Mid-America Apartment Communities, Inc. fluctuated between $115.56 and $158.46. Currently, Wall Street analysts expect the stock to reach $219.17 within the next 12 months. Mid-America Apartment Communities, Inc. [NYSE: MAA] shares were valued at $136.34 at the most recent close of the market. An investor can expect a potential return of 60.75% based on the average MAA price forecast.
Analyzing the MAA fundamentals
According to Mid-America Apartment Communities, Inc. [NYSE:MAA], the company’s sales were 2.16B for trailing twelve months, which represents an 2.76% jump. Gross Profit Margin for this corporation currently stands at 0.5% with Operating Profit Margin at 0.5%, Pretax Profit Margin comes in at 0.27%, and Net Profit Margin reading is 0.26%. To continue investigating profitability, this company’s Return on Assets is posted at 0.05, Equity is 0.09 and Total Capital is 0.1. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.83.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 134.43 points at the first support level, and at 132.52 for the second support level. However, for the 1st resistance point, the stock is sitting at 137.35, and for the 2nd resistance point, it is at 138.37.
Mid-America Apartment Communities, Inc. [MAA] reported earnings per share of $1.22 for its fiscal quarter that ended on 3/31/2024. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $1.03/share, meaning a difference of $0.19 and a surprise factor of 18.40%. By comparison, the stated earnings for the previous quarter ended on 12/31/2023 were $1.37 per share as compared to estimates of $1.07 per share, a difference of $0.3 representing a surprise of 28.00%.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 7.36, the price to book ratio is 2.61 and price to earnings (TTM) ratio is 28.59.
Transactions by insiders
Recent insider trading involved BOLTON H ERIC JR, President and CEO, that happened on Apr 05 ’24 when 2642.0 shares were sold. EVP & CHRO, Carpenter Melanie completed a deal on Apr 05 ’24 to sell 314.0 shares. Meanwhile, EVP, Chief Strategy & Analysis Argo Timothy sold 68.0 shares on Apr 05 ’24.
